The Interpublic Group of Companies, Inc. IPG reported first-quarter 2019 earnings per share of 11 cents (on an adjusted basis) beating the Zacks Consensus Estimate of 6 cents. Earnings also increased on a year-over-year basis.
How Was the Estimate Revision Trend?
Investors should note that the Zacks Consensus Estimate for Interpublic's first-quarter 2019 earnings remained stable over the last 60 days.
The company has a decent earnings history having outperformed the Zacks Consensus Estimate in two of the last four quarters with an average miss of 2.7%.
Revenues Better Than Expected
Interpublic recorded revenues of $2,005 million which outperformed the Zacks Consensus Estimate of $1,957 million. Moreover, revenues compared favorably with the year-ago figure of $1,774 million.
Key Stats to Note: Interpublic reported organic net revenue growth of 6.4% in first-quarter 2019. The company experienced an organic growth of 5.7% in the United States and 7.7% in the international markets in the reported quarter.
Zacks Rank: Currently, Interpublic has a Zacks Rank #2 (Buy) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise
Interpublic Group of Companies, Inc. (The) Price and EPS Surprise | Interpublic Group of Companies, Inc. (The) Quote
Check back later for our full write up on this Interpublic earnings report later!
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Interpublic Group of Companies, Inc. (The) (IPG) : Free Stock Analysis Report
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